Required Reading

Sherman Frederick on American Leyland Motor Corp.:

President Barack Obama would do well to remember the simple lessons of this novel as he proceeds to bury the nation’s auto industry into the rocky soil of socialism. Dead companies that re-emerge zombies of the state won’t behave quite right. They will be new creatures propped up by taxpayer cash, stumbling around in an American consumer system with no fear of the normal consequences of failure. Absent free-market pressures, Obama Motors will produce cars born by congressional fiat (pardon the pun). Picture the Henry Waxman and the Maxine Waters limited edition models — won’t run, but the left-turn signals work great!

Read the rest here.